In This Article:
Independent Bank (NASDAQ:IBCP) First Quarter 2025 Results
Key Financial Results
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Revenue: US$53.4m (up 2.6% from 1Q 2024).
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Net income: US$15.6m (down 2.5% from 1Q 2024).
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Profit margin: 29% (down from 31% in 1Q 2024). The decrease in margin was driven by higher expenses.
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EPS: US$0.74 (down from US$0.77 in 1Q 2024).
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All figures shown in the chart above are for the trailing 12 month (TTM) period
Independent Bank EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 5.5%. Earnings per share (EPS) exceeded analyst estimates by 5.7%.
Looking ahead, revenue is expected to decline by 3.9% p.a. on average during the next 2 years, while revenues in the Banks industry in the US are expected to grow by 7.1%.
Performance of the American Banks industry.
The company's shares are up 3.1% from a week ago.
Balance Sheet Analysis
While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Independent Bank's balance sheet health.
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